Current Mortgage Rates

Friday, November 20, 2009



The reason that a debt consolidation loan saves you money is two fold. First, a typical debt consolidation loan has a much lower interest rate than a credit card or auto loan. You will cut your interest rate across the board with a low interest debt consolidation loan. Second, these types of loans will usually have an extended payoff term. Sometimes, as with a mortgage, you can pay the debt off over up to 30 years. Lower interest plus longer payoff equals lower monthly payments.

On the con side, however, debt consolidation can pave the way for continued poor spending habits. If you dump your hard won equity into a financial initiative to pay off your bills quickly, you may end up with a longer mortgage term (reduced lifetime savings) as well as a still as yet unbalanced budget. In addition, debt consolidation doesn't always work as planned. If you get involved with a small lender who goes out of business or passes your loan along to a less than scrupulous third party, you could find yourself in legal and financial deep water.

In addition, a debt consolidation initiative may not always lend to you at an ideal interest rate. Choice of consolidation depends on individual preferences as well as the gravity of debt. Debt consolidation only ease out immediate pressures and should not be seen as freedom from debt. One must study the very well print cautiously as everything now lies with one lender. It is better to approach banks and consolidation companies with high credibility rather, even if their interest rates are slightly higher.



How and where to Find Debt Solutions
Should I Consolidate Debt in a New Purchase Mortgage?
Key Questions To Ask When Choosing Debt Consolidation Services?
Right Now is the Best Time for Debt Consolidation
How to Choose a Consumer Debt Consolidation Company?
All about Debt Consolidation Services
Bill Consolidation along with a Home Equity Line of Credit
All about Bill Consolidation Services
All About Loans and Debt Balance
Getting approved for a Fast Debt Consolidation Loan
Consumer Debt Consolidation vs. Business Debt Consolidation
What is Student Loan Debt Consolidation?
Best practiced Debt Solutions
Most effective Debt Help Resources
Your Debt Solution
Let Debt Consolidation Help You in taking the Right Decision
How can Debt effect a Company?
Doing Online Debt Consolidation Helps Preparation
Finding the Right Debt Consolidation Loans
How to Borrow Debt Consolidation Home Equity Loans
Comparing Various Debt Consolidation Loans
How to Pay Off Debt Consolidation Home Equity Loans Quicker
What are the Advantages of a Debt Consolidation Loan
What are the Costs & Benefits of Debt Consolidation
How and where to Find Debt Solutions
Should I Consolidate Debt in a New Purchase Mortgage?
Key Questions To Ask When Choosing Debt Consolidation Services?
Right Now is the Best Time for Debt Consolidation
How to Choose a Consumer Debt Consolidation Company?
All about Debt Consolidation Services
Bill Consolidation along with a Home Equity Line of Credit
All about Bill Consolidation Services
All About Loans and Debt Balance
Getting approved for a Fast Debt Consolidation Loan
Consumer Debt Consolidation vs. Business Debt Consolidation
What is Student Loan Debt Consolidation?
Best practiced Debt Solutions
Most effective Debt Help Resources
Your Debt Solution
Let Debt Consolidation Help You in taking the Right Decision
How can Debt effect a Company?
Doing Online Debt Consolidation Helps Preparation
Finding the Right Debt Consolidation Loans
How to Borrow Debt Consolidation Home Equity Loans
Comparing Various Debt Consolidation Loans
How to Pay Off Debt Consolidation Home Equity Loans Quicker
What are the Advantages of a Debt Consolidation Loan


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Current Mortgage Rates*

Loan Type
National Average
30-yr. fixed4.75%
30-yr. fixed jumbo5.25%
15-yr. fixed4.25%
15-yr. fixed jumbo4.75%
7/1 ARM4.38%
5/1 ARM4.00%
3/1 ARM4.00%
1-yr. ARM3.62%
1-yr. LIBOR ARM4.38%
10/1 ARM4.62%
*Mortgage Rates Updated: 11/20/2009